Derek Daun
Liability waiver for water intrusion in detached garage?
First a little background:I purchased a property in Sacramento at the end of August which needed a bunch of small fixes. My home owners insurance company did an inspection while we were still doing renovations. The ...
Marilin Matos
HELP Negotiate inspection issues OR money in lieu?
Hello again bigger pockets community! I’d like to start by saying I am grateful for all of you’re responses. This process is driving me crazy in a good way and I know that when I am stuck I can always come to these fo...
Brandon Benifield
How do you plan for costly maintenance??
How do you plan ahead for very costly maintenance issues with your property? For example a roof that needs to be redone for $10,000..
Anna L.
HOA for rental property
Trying to purchase 2B/2B apartment ($45,000 with cash) and the area rent-to-price ratio is favorable.It can generate $300 cash flow per month after calculating all expenses( HOA: $170 per month, vacancy 8%, management...
Lucy Smi
Ask seller for roof replacement
We just had an inspection done on a 2-family rental property. The report says it needs roof replaced immediately. The roof replacement costs $15k. Should we ask the seller to lower the purchase price by $15k, or pay $...
Aaron Osgood
LLC liability after the sale
Hi all,I purchased a property to flip as an LLC in Pennsylvania. After I sell it, what kind of liability do i have? I will be completely truthful on the seller dislcosure. Im just thinking through the worst case scena...
Derek York
How much to save for Capex
Hi everyone,I had a quick question. How much should I save for Capex and repairs. I know a lot of people do 5% but that’s 5% can be very different depending on where the property is. Is there just a number people use ...
Roberto Horodeski
Roofing Northside Chicago
Hello all. Looking for a roofing contractor that covers the North/Northwest of Chicago. I have a small project to cover up holes or replace clay shingles and most likely replace a flat roof. Any PM recommendations ...
Shannon K.
What Is This Piece Called?
Hi everyone. I am trying to figure out a way to budget for this little roof add-on piece and I keep describing it as an "architectural pitch" on the roof and no one knows what I mean. I found a pic online below... Is ...
Douglas Curtiss
How much to set aside for Cap Ex, Vacancy, Repairs, etc.
After doing mostly fix/flips, foreclosures, tax liens, I'm looking to buy my first buy and hold rental. I've been running the numbers and typically use 5% for Cap Ex, Vacancy, and repairs, which I think are the numbe...